Corporate Customer Account
DCB Corporate banking deals with large customers (customers with monthly turnovers in excess of TZS. 100 million) as well as medium size customers with turnovers between TZS. 50-100 million.
Local guarantees and indemnities
Letters of credit (L/C)
Current Accounts (in local currency, USD, Euro & Sterling Pounds)
FDR – 1 month to 12 months
This is a credit facility where a client is allowed to overdraw a current account up to a certain set limit with deposits being made to the account on a regular basis. It is granted to finance working capital requirements, granted for a maximum duration of one year, renewable yearly provided certain minimum requirements are met.
Investment /equipment loans are medium term loans with regular repayments. The purpose of investment/equipment loan is to provide partial finance of the purchase of productive equipment
Loan Amount TZS. 500,000 – TZS. 200,000,000
There is no application fee
Commitment fee 2%
Minimum balance in account required is 20% of applied loan
Turn around time 3 working days
Interest rate 21% (flat) p.a
Repayment Period of 36 months
Insurance rate 1%
Grace period Up to three months on case -by -case basis
Equipment to be purchased forms party of security
Additional security will cover at least 100% of the loan amount.
Total value of equipment plus securities shall cover 150% of the loan amount.
Have a minimum of 1-year experience as an owner/manager of the business to be financed.
Have necessary technical skills and experience to operate the equipment to be financed
Contribute at least 25% IN CASH towards the purchase of the equipment;
The life expectancy of the equipment to be financed shall be at least equal to the loan period;
Be in possession of a savings or current account. In case of liquidity shortages or other operational capacity constraints, preference shall be given to those clients who have operated an account for three months or more;
Not to have another outstanding loan facility at DCB. In certain cases, subject to approval by the Head Office Credit Committee, business loans can be advanced in addition to an outstanding investment loan.